Boothbay Fund Management LLC Trims Stock Position in Celestica Inc. (NYSE:CLS)

Boothbay Fund Management LLC trimmed its holdings in Celestica Inc. (NYSE:CLS) (TSE:CLS) by 31.1% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 46,532 shares of the technology company’s stock after selling 21,043 shares during the period. Boothbay Fund Management LLC’s holdings in Celestica were worth $4,295,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CLS. Peregrine Capital Management LLC purchased a new position in shares of Celestica during the 4th quarter worth $30,000. Pinpoint Asset Management Ltd boosted its stake in Celestica by 109.6% during the fourth quarter. Pinpoint Asset Management Ltd now owns 348 shares of the technology company’s stock worth $32,000 after buying an additional 182 shares during the period. Bessemer Group Inc. acquired a new stake in shares of Celestica during the fourth quarter valued at about $42,000. R Squared Ltd purchased a new stake in shares of Celestica in the 4th quarter valued at approximately $51,000. Finally, IFP Advisors Inc lifted its holdings in shares of Celestica by 122.7% in the 4th quarter. IFP Advisors Inc now owns 668 shares of the technology company’s stock worth $62,000 after acquiring an additional 368 shares during the last quarter. Institutional investors and hedge funds own 67.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CLS. Cibc World Mkts raised Celestica from a “hold” rating to a “strong-buy” rating in a research report on Friday, January 31st. Royal Bank of Canada decreased their target price on Celestica from $160.00 to $120.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 22nd. CIBC dropped their target price on Celestica from $150.00 to $120.00 and set an “outperformer” rating for the company in a research report on Tuesday, April 15th. TD Securities increased their price target on shares of Celestica from $70.00 to $107.00 and gave the stock a “buy” rating in a research report on Tuesday, January 28th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Celestica from $166.00 to $105.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $106.00.

Insider Transactions at Celestica

In other news, insider Alok K. Agrawal sold 6,826 shares of the company’s stock in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $133.92, for a total transaction of $914,137.92. Following the completion of the transaction, the insider now directly owns 9,224 shares of the company’s stock, valued at approximately $1,235,278.08. This represents a 42.53 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert Mionis sold 441,325 shares of the firm’s stock in a transaction dated Monday, February 3rd. The stock was sold at an average price of $122.28, for a total value of $53,965,221.00. Following the sale, the chief executive officer now directly owns 531,417 shares in the company, valued at $64,981,670.76. This trade represents a 45.37 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 934,381 shares of company stock valued at $116,673,769. Insiders own 1.00% of the company’s stock.

Celestica Trading Down 3.3 %

NYSE CLS opened at $89.13 on Friday. Celestica Inc. has a 52 week low of $40.25 and a 52 week high of $144.27. The firm has a 50 day moving average of $89.22 and a two-hundred day moving average of $92.28. The company has a quick ratio of 0.87, a current ratio of 1.47 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $10.34 billion, a PE ratio of 23.83 and a beta of 2.09.

Celestica Profile

Celestica Inc provides supply chain solutions in North America, Europe, and Asia. It operates through two segments: Advanced Technology Solutions, and Connectivity & Cloud Solutions. The company offers a range of product manufacturing and related supply chain services, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, complex mechanical assembly, systems integration, precision machining, order fulfillment, logistics, asset management, product licensing, and after-market repair and return services.